Yes, Friday's jobs report was good. But was it really that good?
The headline number of 248,000 new positions reflected slightly above-trend growth for 2014, so that was good.
Yet, the drop in the unemployment rate to 5.9 percent came largely because more Americans are still leaving the labor force, raising questions over whether the headline rate can still be considered a useful gauge of jobs market health.
Also wages were flat and the average workweek grew little.